{"id":2371,"date":"2022-10-27T14:31:27","date_gmt":"2022-10-27T18:31:27","guid":{"rendered":"https:\/\/www.lee-associates.com\/boston\/?p=2371"},"modified":"2022-10-27T15:01:32","modified_gmt":"2022-10-27T19:01:32","slug":"q3-2022-boston-office-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-office-market-report\/","title":{"rendered":"Q3 2022 Boston Office Market Report"},"content":{"rendered":"<div id=\"pl-2371\"  class=\"panel-layout\" ><div id=\"pg-2371-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2371-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2371-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-2371\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image.png\" width=\"992\" height=\"549\" srcset=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image.png 992w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image-512x283.png 512w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/07\/Market-report-image-768x425.png 768w\" sizes=\"(max-width: 992px) 100vw, 992px\" title=\"Market report image\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><div id=\"pgc-2371-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-2371-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"1\" ><div class=\"panel-widget-style panel-widget-style-for-2371-0-1-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h1>OFFICE MARKET OVERVIEW<\/h1>\n<p>ERIC SOLEM, Managing Principal | President<\/p>\n<hr \/>\n<p>Signs of volatility continue with another 1 million SF of sublease coming on the market in Boston\u2019s CBD pushing available sublease space over 3.7 million. Meanwhile, big block tenants such as McKinsey &amp; Company preleased 78K SF new construction at 115 Federal; HarbourVest agreed to lease over 205K SF vacated by State Street at One Lincoln; Eaton Vance finalized 280K SF at One PO Square; AstraZeneca agreed to lease 570K SF at 290 Binney; and Japanese pharma giant Takeda announced 600K SF at 585 Kendall in Cambridge. Vacancy Rate continues to hover just below 10% in the Boston office market with new supply coming on the market and direct rents holding but with downward pressure.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div id=\"pg-2371-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2371-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2371-1-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-2371\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.10.05-PM.png\" width=\"1019\" height=\"902\" srcset=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.10.05-PM.png 1019w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.10.05-PM-512x453.png 512w, https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Screen-Shot-2022-10-27-at-2.10.05-PM-768x680.png 768w\" sizes=\"(max-width: 1019px) 100vw, 1019px\" title=\"Office Market Repot 3Q22-graphs\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><\/div><div id=\"pg-2371-2\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-2371-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-2371-2-0-0\" class=\"so-panel widget widget_sow-button panel-first-child panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-flat-987004c94dc7-2371\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-center\"\n>\n\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Boston-Office.pdf\"\n\t\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" \t>\n\t\t<span>\n\t\t\t<span class=\"sow-icon-icomoon\" data-sow-icon=\"&#xeadf;\"\n\t\tstyle=\"color: #ffffff\" \n\t\taria-hidden=\"true\"><\/span>\n\t\t\tDOWNLOAD REPORT\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><div id=\"pgc-2371-2-1\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><div id=\"pgc-2371-2-2\"  class=\"panel-grid-cell panel-grid-cell-empty panel-grid-cell-mobile-last\" ><\/div><div id=\"pgc-2371-2-3\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>OFFICE MARKET OVERVIEW ERIC SOLEM, Managing Principal | President Signs of volatility continue with another 1 million SF of sublease coming on the market in Boston\u2019s CBD pushing available sublease space over 3.7 million. Meanwhile, big block tenants such as McKinsey &amp; Company preleased 78K SF new construction at 115 Federal; HarbourVest agreed to lease over 205K SF vacated by State Street at One Lincoln; Eaton Vance finalized 280K SF at One PO Square; AstraZeneca&#8230;<\/p>\n","protected":false},"author":143,"featured_media":2365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q3 2022 Boston Office Market Report - Lee &amp; Associates - Boston<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-office-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q3 2022 Boston Office Market Report\" \/>\n<meta property=\"og:description\" content=\"OFFICE MARKET OVERVIEW ERIC SOLEM, Managing Principal | President Signs of volatility continue with another 1 million SF of sublease coming on the market in Boston\u2019s CBD pushing available sublease space over 3.7 million. Meanwhile, big block tenants such as McKinsey &amp; Company preleased 78K SF new construction at 115 Federal; HarbourVest agreed to lease over 205K SF vacated by State Street at One Lincoln; Eaton Vance finalized 280K SF at One PO Square; AstraZeneca...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/boston\/2022\/10\/27\/q3-2022-boston-office-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates - Boston\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T18:31:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T19:01:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/boston\/wp-content\/uploads\/sites\/79\/2022\/10\/Boston-Office-Market-Report-3Q22-social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1306\" \/>\n\t<meta property=\"og:image:height\" content=\"1306\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Donna VanSchagen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Donna VanSchagen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-office-market-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-office-market-report\\\/\"},\"author\":{\"name\":\"Donna VanSchagen\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/#\\\/schema\\\/person\\\/34e8a0cd6fc2d3c205150fd1d451b099\"},\"headline\":\"Q3 2022 Boston Office Market Report\",\"datePublished\":\"2022-10-27T18:31:27+00:00\",\"dateModified\":\"2022-10-27T19:01:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-office-market-report\\\/\"},\"wordCount\":150,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-office-market-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/wp-content\\\/uploads\\\/sites\\\/79\\\/2022\\\/10\\\/Boston-Office-Market-Report-3Q22-social.png\",\"articleSection\":[\"Market Reports\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-office-market-report\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-office-market-report\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/boston\\\/2022\\\/10\\\/27\\\/q3-2022-boston-office-market-report\\\/\",\"name\":\"Q3 2022 Boston Office Market Report - Lee &amp; 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